XML 107 R33.htm IDEA: XBRL DOCUMENT v2.4.0.8
Notes Payable and Long-Term Debt (Tables)
12 Months Ended
Aug. 31, 2013
Debt Disclosure [Abstract]  
Schedule of Short-term Debt [Table Text Block]
 
 
Weighted-average Interest Rate
 
 
 
 
 
 
2013
 
2012
 
2013
 
2012
 
 
 
 
 
 
(Dollars in thousands)
Notes payable (a)
 
2.00%
 
2.58%
 
$
521,864

 
$
269,783

CHS Capital notes payable (b)
 
1.23%
 
1.68%
 
367,448

 
533,839

Total notes payable
 
 
 
 
 
$
889,312

 
$
803,622

Schedule of Long-term Debt Instruments
Long-term debt as of August 31, 2013 and 2012 consisted of the following:
 
 
 
 
 
 
 
 
 
2013
 
2012
 
 
 
(Dollars in thousands)
5.59% unsecured revolving term loans from cooperative and other banks, due in equal installments beginning in 2013 through 2018
 
$
135,000

 
$
150,000

6.18% unsecured notes $400 million face amount, due in equal installments beginning in 2014 through 2018
 
400,000

 
400,000

6.81% unsecured notes $225 million face amount, due in equal installments beginning in 1998 through 2013
 


 
37,500

5.60% unsecured notes $60 million face amount, due in equal installments beginning in 2012 through 2018
 
41,539

 
59,615

5.25% unsecured notes $125 million face amount, due in equal installments beginning in 2011 through 2015
 
50,000

 
75,000

5.78% unsecured notes $50 million face amount, due in equal installments beginning in 2014 through 2018
 
50,000

 
50,000

4.00% unsecured notes $100 million face amount, due in equal installments beginning in 2017 through 2021
 
100,000

 
100,000

4.08% unsecured notes $130 million face amount, due in 2019
 
130,000

 
130,000

4.52% unsecured notes $160 million face amount, due in 2021
 
160,000

 
160,000

4.67% unsecured notes $130 million face amount, due in 2023
 
130,000

 
130,000

3.85% unsecured notes $80 million face amount, due in 2025
 
80,000

 
 
3.80% unsecured notes $100 million face amount, due in 2025
 
100,000

 
 
4.82% unsecured notes $80 million face amount, due in 2026
 
80,000

 
80,000

4.71% unsecured notes $100 million face amount, due in 2033
 
100,000

 
 
Other notes and contracts with interest rates from 2.25% to 15.75% (a)
 
50,493

 
68,238

Total long-term debt
 
 
1,607,032

 
1,440,353

Less current portion
 
 
156,612

 
108,211

Long-term portion
 
 
$
1,450,420

 
$
1,332,142

_______________________________________

(a)
Other notes and contracts payable of $16.5 million were collateralized on August 31, 2013.

Schedule of Maturities of Long-Term Debt

Long-term debt outstanding as of August 31, 2013 has aggregate maturities as follows:
 
(Dollars in thousands)
2014
$
156,612

2015
164,022

2016
130,219

2017
149,832

2018
162,103

Thereafter
844,244

 
$
1,607,032

Schedule of Interest,Net
Interest, net for the years ended August 31, 2013, 2012 and 2011 was as follows:
 
2013
 
2012
 
2011
 
(Dollars in thousands)
Interest expense
$
99,271

 
$
94,090

 
$
83,044

Interest - purchase of NCRA noncontrolling interests
149,087

 
113,184

 
 
Capitalized interest
(10,579
)
 
(8,882
)
 
(5,487
)
Interest income
(6,212
)
 
(5,129
)
 
(2,722
)
Interest, net
$
231,567

 
$
193,263

 
$
74,835